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£1,350,000 Guide Price
Bedrooms
Bathrooms
LARGE FREEHOLD HOUSE | SOUTH FACING GARDEN | A MINUTES WALK TO MILLFIELDS PARK AND CHATSWORTH ROAD | WALK TO OVERGROUND | CLOSE TO OUTSTANDING PRIMARY AND SECONDARY SCHOOLS | SCOPE TO EXTEND SIDE RETURN, LOFT AND BASEMENT (STPP) | QUIET, NO THROUGH ROAD | ORIGINAL FLOORBOARDS AND FIREPLACE | LARGE BASEMENT | FRESHLY DECORATED | CHAIN FREE ...
OPEN DAY BY APPOINTMENT ONLY SATURDAY 5TH JUNE
Beautifully located for Millfields Park, Chatsworth Road, Outstanding rated primary and secondary schools and various amenities that Clapton offers, is this chain free, three bedroom house with large south facing garden, appealing to couples and families looking for a well presented property with period features that they can put their own stamp on.
This part of Mildenhall Road is extremely popular due to it being a cul-de-sac for cars, yet just 150 yards from Millfields Park and Chatsworth Road by foot.
The ground floor comprises of a bright through reception room with front bay window and rear south facing window, fitted kitchen, additional reception room/dining room, lean-to utility space leading to a ground floor W/C and the large south facing garden.
The south facing garden, nearly 38 foot by 18 foot, provides a great space to entertain guests and for children to play, whilst catching sunlight from morning till late.
Gorgeous original floorboards, high ceilings and other period features are prominent throughout the ground floor.
To the first floor there is a stunning, full width master bedroom with original fireplace, second double bedroom with south facing window, family bathroom and third double bedroom with views of the rear garden.
It is located in a prestigious area of Clapton, just 150 yard walk to Millfields Park, well-loved for its play area, sports facilities and large open spaces ideal for family walks and picnics. Chatsworth Road is a similar distance, famous for its Sunday Market, excellent wine bars, restaurants and shops. Clapton Pond, with its beloved amenities is a walk in the opposite direction, great for grabbing a coffee or organic produce.
Liverpool Street is under 30 minutes away from door to Station, with the Overground from Clapton. Numerous busses, including night busses, are just a short stroll away too.
There are several outstanding schools nearby from nursery ages all the way to sixth form/ college, ensuring this area is family friendly. The above open spaces, schools and excellent amenities are why this area has flourished into a hot spot for so many residents.
GUIDE PRICE: 1,350,000
OPEN DAY BY APPOINTMENT ONLY ON SATURDAY 5TH JULY
FREEHOLD
CHAIN FREE
COUNCIL TAX BAND: E
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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